05:56 AM EDT, 09/02/2025 (MT Newswires) -- Commerzbank in its "European Sunrise" note of Tuesday highlighted:

Markets: United States and Bund futures little changed, Asian equities mixed, e-minis open softer. The US dollar (USD) gains, euro (and the EUR) slips below $1.17. Oil extends gains, gold rallies to new record.

U.S.: Treasury Secretary Scott Bessent expects the Supreme Court to uphold the legality of tariffs, but has a backup plan. Bessent says President Donald Trump has "incredible reverence for the Fed," touts calm in bond markets on attempt to fire Goernor Lisa Cook. The government will tackle high housing costs and may declare a national housing emergency in the fall.

Russian-Ukrainian war: Russian President Vladimir Putin says NATO enlargement has to be addressed for Russia-Ukraine peace. Bessent says the US will look closely at sanctions this week.

==EUROPE:

France: Far-right RN says it is preparing for snap election as Prime Minister Francois Bayrou's efforts this week are set to fail. Republicains are divided over a confidence vote with some members of parliament set to abstain (Les Echos).

Netherlands: HICP fell to 2.4% year over year in August, consensus was looking for unchanged 2.5%.

Spain: PM Pedro Sanchez is committed to stay even if parliament rejects his latest budget proposal.

Germany: Finance Minister Lars Klingbeil appoints advisory board to help with deployment of 500 billion euros infrastructure fund (HB).

EU banks hold 225 billion euros excess capital at cross-border subsidiaries due to the incomplete banking union (AFME).

==ASIA:

Japan: Central bank (BoJ) Deputy Governor Ryozo Himino says it's appropriate to raise rates if the economy performs in line with forecasts.